Wednesday, July 31, 2013

Dday and the Real Housewives of New Jersey

by digby

Here's a must-read by dday in the New Republic about the Real Housewives of New Jersey. No really. It's about the government's zealous pursuit of one of the reality show stars and her husband for lying on their loan applications. Never let it be said that the Obama administration isn't pursuing mortgage fraud.

Yes, what they did was wrong. But when you read the article you'll see that they were doing was just part of the system the Big Banks had in place. You remember the banks, don't you? The institutions and their corporate leaders which the Attorney General publicly said couldn't be punished because the system would be wrecked? Yeah, they can't be touched. But Teresa and Joe going to jail for 20 years will certainly teach everybody a lesson: only the little guys or the easy pickings ever have to pay a price. It's the new American credo.